Despite the low rent, the club said it has provided value for money to the city and the deal has been “mutually beneficial” for both entities.
Since 1970, the prestigious Killarney Country Club has been paying R2 a year in rent to the City of Johannesburg.
In 1970, the City of Council of Johannesburg expropriated the land the course was on to build the M1 Highway. According to the document, the city estimates the property value to exceed R50-million meaning a public participation process must be conducted before any decision is made on it, in line with Section 34 and 35 of the Municipal Asset Transfer Regulations.Following the public participation process, the CEO of the Joburg Property Company will submit a report to council within 60 days.
Cook went further saying the land, where the country club currently resides, must be utilised for public use like low-cost housing, mixed use zones and sports centres. “It is vague and does not provide sufficient information for us to make an informed decision,” said Christians. Like all country clubs, Faulds said the KCC offers a membership and services which they generate revenue from.
Faulds said if the land were to be sold, the next best use of it would be a park which the city would have to maintain at its own cost and resources.“Any development on that property , upgrades or improvements or otherwise is for the benefit of the city because ultimately it’s their asset that is going to have a value or not.”
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